Problem 8-05A a-b (Video) The bank portion of the bank reconciliation for Bramble Company at November 30, 2020, was as follows. Bramble COMPANY Bank Reconciliation November 30, 2020 Cash balance per bank Add: Deposits in transit $14,697.90 2,530.20 17,228.10 Less: Outstanding checks Check Number 3451 3470 Check Amount $2,260.40 720.10 844.50 1,426.80 1,056.70 3471 3472 6,308.50 3474 Adjusted cash balance per bank $10,919.60 The adjusted cash balance per bank agreed with the cash balance per books at November 30. The December bank statement showed the following checks and deposits. Bank Statement Date Checks Number 3451 12-1 Date 12-1 12-2 12-7 3471 3472 3475 3476 Amount $2,260.40 844.50 1,426.80 1,640.70 1,300 2,130 3,080 600 12-4 12-8 12-16 12-21 12-26 12-4 Deposits Amount $ 2,530.20 1,211.60 2,365.10 2,672.70 2,945 2,567.30 2,836 1,025 $18,152.90 12-8 12-10 12-15 3477 3479 12-29 12-27 3480 12-30 475.50 12-30 3482 Total 12-29 3483 3485 1,140 540.80 12-31 Total $15,438.70 The cash records per beoles for December showed the following Date 12-1 122 12-2 124 120 12-10 12-12 Number 3475 3476 3472 17 3470 3480 Cash Payments Journal Amunt Date Number $1.440.0 12-20 3482 1300 12:22 3480 2,150 12-23 3454 621.30 12-24 3485 3,080 12-30 1456 500 Total 3010 Amount $475.50 1,140 791,30 450.00 89.50 $13,926.50 Cash Receipts Journal Date Amount 12 a 1.211.60 12-2 2.365.10 12-15 2.672,70 12-20 2,954 22-25 2.567.30 12-28 2,836 12-30 12-31 1,690.40 Total $17,322.10 41 1.025 The bank statement contained two memoranda Acredit of $2.320 for the collection of Langer Company of an afectronic funds transfer 2. Adebit for the peleting of additional company chedis $91.70. At December 21, the cash beper books was $140.325.20. and the chance the bank statement was $19.640:40. The bank did not make any errors, but langer Company made iwe errors Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31. (Rou cash balance per bank first.) BRAMBLE COMPANY Bank Reconciliation December 31, 2020 19640.40 Cash balance per bank statement 889.50 Add Deposits in transit 20529.90 Less Outstanding checks 2260.40 No. 3451 > NO. 3470 v 720.10 No. 3471 844.50 No. 3472 1426.80 1426.80 No. 3472 1056.70 100 No. 3474 X 10919.60 28147.7 Adjusted cash balance per bank > 14315.20 Adjusted cash balance per books Add 2320 Electronic funds transfer received 16635.20 Less Check printing fee 91.70 Less > Check printing fee 91.701 16543.50 44691.20 Adjusted cash balance per books Prepare the adjusting entries based on the reconciliation. (Credit account titles are automatically indented when e.g. 52.75.) No. Account Titles and Explanation Debit Credit X Dec. 31 xwwww X (To record collection of note receivable by bank) Dec. 31 (To record bank service charge) Dec. 31 II II II (To correct error in recording check) 7 Dec. 31
